Would there be any tax implications (penalties, interests) if after those 5+ years (of unsuccessful rental) I would build there my vacation home or a primary residence? 

The other is our residence with 75K equity. 

This would be my primary residence.

Hi, I'm Noelle, I'm from Chicago and currently reside here, and I'm 16.

This will be our primary residence so we're looking for more than just cash flow.

Non residents may have a way to do it-not sure. 

You may be able to rent a ladder that comes with a lift sled on it - you put some shingles on the sled, stand on the ground, and pull a rope.When I had the roof on my residence done, the shingles showed up the day before the roofers came. 

I'm looking to get into the residential REI market here in Houston, TX.I purchased my first property 1.5 years ago (my residence) in Pearland and have witnessed the market take off.

The last stat I read was 42 percent of residents are renters in San Antonio.

This individual states that if we own a primary property that we reside in, we cannot for any reason buy a rental property and alternatively live in one of these units and put our primary residence up for rent and have it considered owner-occupied because we already own one property.